eBay Inc. (NASDAQ:EBAY) CEO Sells $831,280.50 in Stock

eBay Inc. (NASDAQ:EBAY - Get Free Report) CEO Jamie Iannone sold 10,974 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total value of $831,280.50. Following the completion of the sale, the chief executive officer owned 306,651 shares in the company, valued at $23,228,813.25. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jamie Iannone also recently made the following trade(s):

• On Tuesday, July 1st, Jamie Iannone sold 12,644 shares of eBay stock. The stock was sold at an average price of $76.02, for a total value of $961,196.88.
• On Monday, June 9th, Jamie Iannone sold 12,644 shares of eBay stock. The shares were sold at an average price of $79.06, for a total value of $999,634.64.
• On Monday, May 5th, Jamie Iannone sold 10,000 shares of eBay stock. The stock was sold at an average price of $69.83, for a total transaction of $698,300.00.
• On Friday, May 2nd, Jamie Iannone sold 10,000 shares of eBay stock. The shares were sold at an average price of $67.96, for a total transaction of $679,600.00.

eBay Trading Up 0.7%

EBAY stock traded up $0.56 during trading on Friday, hitting $76.34. 2,162,941 shares of the company traded hands, compared to its average volume of 5,038,193. The firm has a market capitalization of $35.19 billion, a PE ratio of 18.18, a P/E/G ratio of 2.13 and a beta of 1.26. eBay Inc. has a 1 year low of $52.14 and a 1 year high of $79.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50-day moving average of $73.36 and a 200-day moving average of $68.45.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. Analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.52%. eBay's payout ratio is 27.62%.

Hedge Funds Weigh In On eBay

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. Impax Asset Management Group plc raised its stake in eBay by 2,536.5% during the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock valued at $239,037,000 after buying an additional 3,401,198 shares during the last quarter. Ameriprise Financial Inc. lifted its position in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares in the last quarter. Nuveen LLC bought a new stake in shares of eBay in the 1st quarter worth $202,346,000. Independent Franchise Partners LLP lifted its holdings in shares of eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after purchasing an additional 2,277,839 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in eBay by 5,181.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock worth $148,757,000 after buying an additional 2,154,735 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Needham & Company LLC boosted their price objective on eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Citigroup cut their price objective on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Cantor Fitzgerald lifted their target price on shares of eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Monday, May 12th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $67.85.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.